Tamadoge price has defied gravity in the past few weeks as other cryptocurrencies have continued wavering. TAMA was trading at $0.0743, which is slightly below last week’s high of $0.088. This price has moved by more than 336% from the lowest level this year. According to CoinGecko, the coin has a total market cap of over $76 million.
Tamadoge is a new memecoin that is at the intersection of play-to-earn gaming and non-fungible tokens (NFT). It describes itself as the most hyped meme coin of all time. When fully launched, users will be able to play and earn tokens as they go up the ladder. As such, it aims to become a meme coin with utility unlike other similar coins.
TAMA price has risen in the past few days ahead of the upcoming launch of Tamadoge NFTs. The limited collection will go live on Thursday of this week and will include 100 ultra rare products. By owning these NFTs, users will have access to play Tamadoge games and climb the leaderboard.
Tamadoge price has also risen after being listed by leading exchanges like OKX, BitMart, and LBank. MEXC Global is also expected to list the coin in the coming days.
The hourly chart shows that the TAMA price has been in a bullish trend in the past few days. Recently, it has been in a consolidation and formed what looks like a symmetrical triangle pattern that is shown in yellow. The coin has also moved slightly above the 25-day moving average while the Stochastic Oscillator has moved up slightly. At the same time, the Relative Strength Index (RSI) has formed a bearish divergence pattern.
Therefore, there is a likelihood that the coin will likely continue rising this week ahead of the ultra-rare NFTs launch. If this happens, the next key resistance level to watch is $0.10, which is about 33% above the current level. The stop-loss of this trade is at $0.06.
This post was last modified on Oct 03, 2022, 10:49 BST 10:49